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Author Topic: Do you think Bitcoin will surpass fiat money?  (Read 28675 times)

Offline Confero

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Re: Do you think Bitcoin will surpass fiat money?
« Reply #60 on: October 10, 2020, 02:12:08 PM »
Fiat will still be number one, but Bitcoin will be chosen by many people to make a profit. 
Storing Fiat or storing Bitcoin will certainly be more profitable to store Bitcoin, because Bitcoin has the opportunity to have a high value.

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Re: Do you think Bitcoin will surpass fiat money?
« Reply #60 on: October 10, 2020, 02:12:08 PM »

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Offline labonikhatun

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Re: Do you think Bitcoin will surpass fiat money?
« Reply #61 on: October 10, 2020, 02:13:08 PM »
You're right I don't think bitcoin will outperform fiat money has been around since before the advent of bitcoin in which case no one can break the fiat currency. If bitcoin is in high demand it is more popular in crypto fiat introduction outside of crypto.

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Re: Do you think Bitcoin will surpass fiat money?
« Reply #62 on: October 13, 2020, 04:27:50 AM »
It is impossible because Bitcoin was not created to be the enemy of Fiat.
Bitcoin was created to neutralize the world's finances with a Peer to Peer system, so it will never beat Fiat.

Even though there are countries that have little income from the total capacity of Bitcoin, it is worth more than Bitcoin and we should be grateful.
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Offline ayatoslaw

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Re: Do you think Bitcoin will surpass fiat money?
« Reply #63 on: October 14, 2020, 02:01:06 AM »
Fiat will still be number one, but Bitcoin will be chosen by many people to make a profit. 
Storing Fiat or storing Bitcoin will certainly be more profitable to store Bitcoin, because Bitcoin has the opportunity to have a high value.
Both Fiat and Bitcoin are the best currencies, Fiat excels because of its centralization while Bitcoin excels in its decentralization,
If we look at the shortcomings of both, the value of Fiat is inflationary every year, while Bitcoin has high volatility so it requires Fiat to maintain value when making transactions, that's why I believe nothing can beat each other because both are needed and can be an alternative payment.

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Re: Do you think Bitcoin will surpass fiat money?
« Reply #64 on: October 14, 2020, 03:49:39 PM »
what do you think guys? :)

I agree about it mate. But I see several countries have still block and refuse bitcoin, they worry, because cannot control bitcoin and afraid their fiat money will down. I hope bitcoin will be accepted all countries, because It is the future technology.
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Re: Do you think Bitcoin will surpass fiat money?
« Reply #65 on: October 14, 2020, 11:10:39 PM »
In what matter BTC will surpass the fiat money? if it is about the value and also the price of BTC especially for trading or investment, BTC probably offers more interesting things. But it doesn't mean that BTC can surpass fiat coins as well

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Re: Do you think Bitcoin will surpass fiat money?
« Reply #66 on: October 14, 2020, 11:52:29 PM »
For what? I will not expect that Bitcoin will replace banks or fiat. because this is the whole world and the are some differences in the government to analyze again the projects. But here, they sometimes do not read the WP and only being mad at the thread.
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Re: Do you think Bitcoin will surpass fiat money?
« Reply #66 on: October 14, 2020, 11:52:29 PM »


Offline Alter

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Re: Do you think Bitcoin will surpass fiat money?
« Reply #67 on: October 14, 2020, 11:54:52 PM »
Fiat money is hard to replace or surpass, I think Bitcoin is in its own way. It won't compete with Fiat but it offers a new solution for the world financial system to the world. I just see the chance for Bitcoin to support Fiat, or it can collaborate with fiat to make a better world financial system. Bitcoin offers the speed, cheap transaction fees, and capable to transfer any time and to any people around the world. Fiat doesn't have all of these things.
« Last Edit: October 15, 2020, 12:02:22 AM by Alter »
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Offline Astra

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Re: Do you think Bitcoin will surpass fiat money?
« Reply #68 on: October 15, 2020, 08:42:06 PM »
Bitcoin, by its nature, cannot surpass the national currencies of states. Even if Bitcoin is worth a million dollars, it won't change anything. The main thing is that bitcoin cannot replace the money of states. He, like all decentralized cryptocurrencies, can run in parallel with the currencies of states and at the same time complement each other's capabilities.

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Re: Do you think Bitcoin will surpass fiat money?
« Reply #69 on: October 15, 2020, 10:17:35 PM »
Bitcoin and Fiat will not beat each other, but Society will choose between one of them for profit. In this case Bitcoin is superior because with Bitcoin we can easily get a profit. In terms of usage, I think Fiat will still be superior to Bitcoin, because Fiat is very easy to use without the need for an internet network. Bitcoin and Fiat will go hand in hand according to their respective needs.


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Re: Do you think Bitcoin will surpass fiat money?
« Reply #71 on: November 24, 2020, 07:50:47 AM »
Surpass the function as the payment tool or as the asset? If you talk about the function as a payment tool, Fiat is still stronger and hard to replace by Bitcoin. Also, personally I think Fiat is always needed because of the limitation to use the internet. So, people won't use Bitcoin only for payment tool, even in the future.
Fiat money is unlikely to be replaced by cryptocurrency. Cryptocurrency is not yet widespread enough in the world and its share in the economy is weak.

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Re: Do you think Bitcoin will surpass fiat money?
« Reply #72 on: November 24, 2020, 09:56:57 AM »
I think it will not be possible because until now bitcoin requires a very large supply because if the supply is still very limited it will create price inflation which later can make people lose.

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Offline Cryptoz

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Re: Do you think Bitcoin will surpass fiat money?
« Reply #73 on: November 24, 2020, 11:58:59 PM »
I never think that Bitcoin will surpass fiat money. It is something hard to happen because fiat is really needed in this life. I cannot imagine if we don't have fiat anymore. While everyone must pay for everything with crypto coins. In this condition, I think we will have a big problem. Not all places in the world have good facilities to do crypto transactions. Even in some places, they don't know about the digital world.
« Last Edit: November 25, 2020, 12:01:45 AM by Cryptoz »
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Offline ayatoslaw

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Re: Do you think Bitcoin will surpass fiat money?
« Reply #74 on: November 25, 2020, 01:17:44 AM »
I never think that Bitcoin will surpass fiat money. It is something hard to happen because fiat is really needed in this life. I cannot imagine if we don't have fiat anymore. While everyone must pay for everything with crypto coins. In this condition, I think we will have a big problem. Not all places in the world have good facilities to do crypto transactions. Even in some places, they don't know about the digital world.
Bitcoin and Fiat have different uses, Bitcoin is suitable for storing the value of your assets, while Fiat is perfect for daily transactions, especially transactions in the real world, this is the advantage of Fiat because it has a physical form.

 

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